A Goldman Sachs executive says the financial giant’s fixed income, currencies and commodities (FICC) team is “seven out of ten” in the local stock market.
Anshul Sehgal, global co-head of Goldman’s FICC team, says in a new article interview They were a “seven out of ten” for stocks in January, with a plan to increase that number if valuations become more attractive.
“They did. We took it up to nine. We never got to ten. We were waiting for a further decline. And now, with this recovery, we’re back to seven. We want to ride the wave. We think it’s a big question mark in terms of how far the local stock market will go. Remember, like these seven companies, or American tech companies more broadly, have a monopoly on these technologies in the free world. They will be deployed on a very large scale, not just in the United States but throughout the world and they have the potential to really change the way life works. So, we want to We invest in it but we are back at seven waiting for better entry points to deal with it again.
Segal says they are not interested in bonds because of their lack of growth path.
“Energy security is a big thing. So, we love energy. So, we’ve rotated some of our surplus that we deployed into technology. We think energy security, because of AI and geopolitics, will be a dominant theme. Defense, similarly. None of this is going to change much. None of this is as exciting an opportunity as AI. AI is a generational thing. These are the deals. So, we’ve rotated some of our allocations that way. And we don’t really have much. So, we’re like seven out of ten in technology. Two out of ten In the field of defence.
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